If the Fed buys government securities, other things the same, the exchange rate ________ and U.S. exports ________
A) falls; decrease
B) rises; increase
C) falls; increase
D) rises; decrease
E) falls; do not change because they are autonomous expenditure
C
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Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. If the average total cost at this output is $16.55, then its total profit is
A) $1,188. B) $1,092.30. C) $95.70. D) $1.45.
In economic terminology, the accumulated training and education that workers receive to increase their productivity is referred to as
A) entrepreneurship. B) human capital. C) labor. D) physical capital.
If people become pessimistic about the state of the economy, the consumption function shifts downward
a. True b. False Indicate whether the statement is true or false
_____ transactions refer to the export and import of goods and services as well as any international earnings on investments, both public and private
a. Current account b. Capital account c. Official reserve account d. Savings account